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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Jimbo Cobb who wrote (4413)9/28/1999 4:59:00 PM
From: Mao II  Read Replies (2) of 12662
 
Jimbo: All kidding aside, I am still very cautious, today's late great bounce and AGIL notwithstanding. Market internals -- new highs & lows, a/d line -- remain awful. Most indexes are sitting near support levels, and in the case of the DOW, it looks like a test of 10,000 is coming soon. SPX breached 1260 -- and bounced nicely. SOXX is looking at test of 500, tho it bounced at 510 or so. NDX roared back over 2400. These bounces are extremely positive, but by no means are we out of the woods. Caution remains the watchword. Scoop up profits when they present themselves -- my advice, tho I am holding AGIL overnight! M2
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